I just woke up in my early 30s. When you realize your whole life has been basically a game of money nobody taught you...it’s frustrating. But Rob and Rich Dad have taught me so much so far. I’m getting game plans together. Adapt, improvise and overcome. “Watch what the idiots are doing, and do the opposite” - Rob Kiyosaki Thanks Rob 🤘🏻🇺🇸
@marywills57443 жыл бұрын
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
@marywills57443 жыл бұрын
The amount of time you spend believing we can’t is more than enough time to learn how you can
@samanthaharwood81673 жыл бұрын
@@marywills5744 Knowledge is the greatest commodity Investment is the quickest path to financial freedom, the rich stays rich by spending like the poor yet investing! While the poor stays poor by spending like the rich yet not investing.
@samanthaharwood81673 жыл бұрын
@@marywills5744 Crypto Investment is very very good and necessary, but before you invest with any broker make sure that it will be a person that two or more people has talked about
@evaluna80963 жыл бұрын
@@samanthaharwood8167 Yeah, You're right ma, Thanks for introducing me to expert Mr Kelvin of financial education
@evaluna80963 жыл бұрын
@@samanthaharwood8167 Crypto currency is the future, Investing in it now will be the wisest thing to do especially with the current rise in the market.
@theestallion8183 жыл бұрын
Education means nothing without financial education!
@thejoxter63153 жыл бұрын
Report these right here ☝️they r scams and not real ones
@vikaas03 жыл бұрын
@@thejoxter6315 done👍
@nadine2164-l3 жыл бұрын
I'm becoming more familiar with so many financial terms by listening to you all. Thanks so much!
@rdobsoni35983 жыл бұрын
Cashflow Quadrant : One of the best financial books of all time (I was introduced to RDPD in Grad School )! Enjoyed the show ... everyone made valid financial points. At least each panel member agreed on one common enemy ... Financial Illiteracy. Recalling an old proverb: it doesn't matter if you are a Lion (B&I) or Gazelle (E&S)...when the sun comes up you better be running (running towards financial enlightenment).
@henryssebaggala99393 жыл бұрын
Did you see how tactically Robert extinguished the fire between John and Andy. Robert is an emperor
@SW-fm6up3 жыл бұрын
I love Roberts Kiyosakis outspokenness! He always makes me laugh!
@thomaswilliams79273 жыл бұрын
Looking forward to it! Thank you for all that you, your wife, and your fantastic team provide through the Rich Dad channel. 👌
@JLW6673 жыл бұрын
33:00 The I Quadrant 15:32 21:28 Roth 401k 18:52 Cashflow Quadrant Tax Bracket 14:59 Deduction 33:31 Stock Market Cashflow 29:34 The Debate 41:19 Kim's Point 35:45 UBI 31:32 Qualify 32:06 Non Qualified 33:12 Paper Assets Investor ( I Quadrant) 33:46 Professional Traders (Options)
@ProudToBeAfrican_3 жыл бұрын
If you want to be rich and happy don't go to school - Robert Kiyosaki
@phamthang893 жыл бұрын
Most people dont go to school fail, only very few success. I would rather be rich with my bachelor than without it.
@razvanrazvan58403 жыл бұрын
@@phamthang89 in no school around the world will teach you how to make money & be reach, and no school will teach you the real life. In school is just theorethical !!!
@MakeMeLo3 жыл бұрын
Let's make the word Autodidact more popular!
@PaolaCatt5 ай бұрын
Your a delight to listen 2 Robert. Thankyou for your guidance
@emilyfranklin81903 жыл бұрын
Stock can drop from top to bottom and still be a 60 bagger. All this in 10y. investing is a very long journey where our temperament gets tested. have to have the capacity to suffer for long periods. have lived through the examples above, naming the stock today is pointless.
@elenagomez98903 жыл бұрын
proper research, good analysis is what you need to make profit in this constant market.
@Jme---3 жыл бұрын
I have tried investing but got discouraged by the constant fluctuations in price.
@Mcdd7-_-3 жыл бұрын
@@Jme--- That wouldn't bother you or be a problem if you let a coach guide you but bear it in mind that price fluctuations is part of the market but using coach makes the difference.
@christinadixon69743 жыл бұрын
@@Mcdd7-_- I find myself in similar situation but mine is that i really don't know when to take profit or hold , but have you worked with a coach? what is the experience like and how can i get a good one?
@Mcdd7-_-3 жыл бұрын
@@christinadixon6974 "Freda Lynn Johnson" is the coach I'm quite familiar, I cant disclose much but I have been working with her since July 2020 and she has helped grow my portfolio by 400%. To connect with her you have to search her name on the web that way you can connect with her on her webpage.
@markroberts95773 жыл бұрын
Great program that included multiple experts in their fields. Getting wealthy takes time and education
@lewisjonesraglan54573 жыл бұрын
Omg I love this discussion😍 love the banter, how learning should be👌 keep them coming guys
@itsjess-ss3 жыл бұрын
This is going to be a very important show !! So excited
@thejoxter63153 жыл бұрын
This guy is a bot report Ben Shapiro
@AnielleReid3 жыл бұрын
This was so much fun to watch! Love to see the playful banter and energy amongst you all!
@TheRealMe3333 жыл бұрын
I love you guys! thank you for your advice helpin the "little guys" get ahead in this corrupt af world!
@homebaseincome1013 жыл бұрын
I learn so much from your channel. Thank you. I continue to gain a financial education. You and your wife are GREAT!
@borisbuliak36263 жыл бұрын
Must watch KZbin! Thank you guys! Can’t get enough free education, lots of experience.
@KhamPisethOfficial3 жыл бұрын
Grateful for the program
@elijahkillen95053 жыл бұрын
Thank you so much for this series. I got Toms book and love it and I cant wait to get into Andy and Johns stuff.
@elijahkillen95053 жыл бұрын
@The Rich Dad channel Hey spammer that thinks Im an idiot. How about you send me one bitcoin and Ill send you two
@tisme47433 жыл бұрын
So lovely that the info from you all is supporting us to wake up and take back our power.
@sophiasmith59492 жыл бұрын
What reason do they have to do that?
@riconguyen90503 жыл бұрын
Thank you RD team.
@mariafalchetti31823 жыл бұрын
Thank you for sharing, I love it and tge sense of humor....always hated economics...where are the rest of the series?
@elizabethmorales54533 жыл бұрын
Thank God I found you! Thank you for all your advice! Love the show! Keep up the good job!
@King-Merlin3 жыл бұрын
Fascinating I like this episode will watch it again and again 👍💯
@buildingconnections60903 жыл бұрын
Keep kicking butt guys! So fabulous that you tell it like it is. Such valuable information every show!
@temidayoaworeni77763 жыл бұрын
This is a great podcast! Am following this series through.
@temidayoaworeni77763 жыл бұрын
Scammer! You will soon be busted. Hope you have enough reserve for law suit?
@TechOutAdam3 жыл бұрын
This one is going to be FIRE!
@terri1322 жыл бұрын
I recently discovered your channel. Loved the show, thank you for posting it.
@prkzoomin69943 жыл бұрын
A Good Quote, The most dangerous person is the one who listens, thinks and observes
@middlemanceo3 жыл бұрын
this is great advice. we have to learn the game
@brandonjohnson77293 жыл бұрын
This episode really open up my eyes ! This is what I need to learn. Hug thanks to you guys !!!
@cryptoflippodcast3 жыл бұрын
*The goal is to make money that makes money* NOT to work until you 💀💀💀
@DigitalNomadOnFIRE3 жыл бұрын
If you love your work and do it by choice, you're double good ;)
@cryptoflippodcast3 жыл бұрын
@@DigitalNomadOnFIRE very true 👍🏾
@tisme47433 жыл бұрын
The Rich Dad Channel hi Rich dad ,yes I'd love to know too please tried recently but so stressful and didn't make much.bye
@tibu_rl46633 жыл бұрын
The arguments where flying from left to right, up and down and spinning in circles. The only debate I liked hearing.
@theluckshow96173 жыл бұрын
So much gold in this video. Thanks Robert
@Putseller100 Жыл бұрын
Interesting, Robert says he does not know much about cash flowing the stock market, but it is from his book Retire Young, Retire Rich he has one chapter on leverage of paper assets. In that chapter he talks about options and producing income from the market. It is this book where I began my career in options
@stephenshapiro84043 жыл бұрын
This show and crew always elevates my financial intelligence significantly. Thanks & Respects.
@marycruzrodriguez2013 жыл бұрын
Wow 😳 this is the best ever!!!! Love it, thank you
@markmyjak77393 жыл бұрын
In my opinion the 401(k) and other taxed deferred retirement plans are just toxic. Why? It's the big "S" word, sustainability. To me that's to most important. I'm constantly building my financial education. Thanks to Robert, his books, his Rich Dad Advisors and other people who have wealth. My financial life has been improving.
@gustavodilaudo44363 жыл бұрын
Thanks Robert for always open our eyes and make us walk in the right way for our future
@kimmysomelove423 жыл бұрын
suckery suckery YOU GUYS ROCK! Thank you and blessings, thanks for showing up with a frontal lobes in tact... soooo refreshing!
@valentinbalaj86213 жыл бұрын
I love it Lol........ You changed my life 7 years a go (Rich Dad Poor Dad)
@frankhtlllful3 жыл бұрын
That book is definitely an eye opener. They should have high school students read it and write a report on it instead of other books that aren't even applicable to life in most cases.
@eds86333 жыл бұрын
Canadian here. My strategy is some RRSP due to company matching, Equities with dividends, and passive income from rental realty estate. Diversity.
@raleigh2783 жыл бұрын
I loved that you presented some raw differing perspectives.
@johnmacgregor31063 жыл бұрын
This was a very fun and lively conversation to say the least! Even heated at moments. I hope everyone enjoys and gains some insight along the way, Enjoy! John MacGregor
@nysdeniedme77323 жыл бұрын
John, where can we learn more about the simple investment strategy you mentioned that you only need to check once a week? Thank you!
@russwagner23 жыл бұрын
We built Taxfence 3 years ago, always appeal your assessments.
@RobWilliams0073 жыл бұрын
I understand what you are saying about taxes in a 401k vs a brokerage account. I know the diff. But, if you have an IRA, I can do options and make money and never pay taxes until I am 72 and the interest/gains are outpacing the tax difference. Let me clarify one point: only if you understand how options work - I’ve been studying them for a year and still haven’t made a real trade, only paper trades, because I’m learning. Also, if I have a 401k and they match, that is free money that will grow if I have a good plan and keep my eye on it. I get what you are saying and I don’t disagree but it’s not all or nothing. We just bought our second rental and between you guys and Bigger pockets and Ken McElroy, I’m excited to buy more. I was going to leave it at 3 rentals but you have convinced me otherwise.
@MrCropper3 жыл бұрын
Wow, this episode was FIRE!
@tibu_rl46633 жыл бұрын
The debate got heated bro. The arguments where going from left to right.
@smola553 жыл бұрын
Such empowering content !
@Mav05853 жыл бұрын
One caveat for pensions - military pension - don’t have to contribute - backed by the federal government. Also tax free in many states .
@murdockerudite37213 жыл бұрын
These videos are great! I have read 6 of your books. Every since my brain have been recalibrating to a billionaire mind
@carloseduardonaranjosuarez59173 жыл бұрын
Taxes and debt are one of the best leverage tools for getting affluently
@yonmoore3 жыл бұрын
If I'm understanding the basics of a 401k, it means that on average, it will grow at 8% but the risk comes in to play when you're a few years from retiring and the market crashes hard and you can no longer retire.
@lordpopesthegangofgods3 жыл бұрын
Oh I hate paying taxes. I’ve been gradually learning how to legally not pay taxes or to significantly reduce them.
@natejess-personalfinancetr28613 жыл бұрын
Robert, you have to bring back Millennial Money!
@belenkym3 жыл бұрын
I love it. I love old school ideologies going at it.
@weiqing85362 жыл бұрын
I pronounce you the most valuable channel
@duneme2 жыл бұрын
I like it at when they talk about Retirement Funds!
Your book is display in its Spanish version. It would be great if you put subtitles in the Spanish language. It would be highly appreciate it. Our people need the good advise too. Please and thank you!!!
@kimwarfield15873 жыл бұрын
I guess you are forgetting about employee business expense. I used that for years to write off expenses.
@Vitor1083 жыл бұрын
what a nice team! love these videos! Love from Portugal
@anujchauhan12023 жыл бұрын
Great show
@neeliem94953 жыл бұрын
after listening to your podcasts in addition to others, i stopped contributing into my 403B with my current employer - i am at a point where i have started paper assets through stock investments and learning how to buy metals n possibly crypto looking into insurance policy along the lines of indexed universal life - can you talk about this topic please ?
@bostonblueguy2 жыл бұрын
Great video series. Can someone tell me what the 4 quadrants are that they are getting too?
@KBCrochets3 жыл бұрын
Where’s the rest of the series 3/4 parts?
@aliciatompkins59483 жыл бұрын
Excellent info!
@noblegamer8740 Жыл бұрын
30:00 the solution is proper financial literacy across generations. Parents supported their children when they were young. With proper financial education, the children can help take care of their parents in their old age. “Honor thy father and mother”.
@MrzMoriar3 жыл бұрын
hello from Morocco , Marrakech love the show
@jeffdorris53213 жыл бұрын
Nice work 🎆🎇✨
@carlyslejude45183 жыл бұрын
Thank You! 💚🙏
@gypsysharky2 жыл бұрын
Where are parts 2,3 and 4?
@investinstyle-financeinves11813 жыл бұрын
Make your money work for you and you'll never have to work for money.
@walisantana3 жыл бұрын
Greatttttttt show!!!!!!!!!!
@thesession26193 жыл бұрын
+1 (929) 560‑3448
@DeTerminator3 жыл бұрын
Very nice and, as always, very informative content! 👍💪
@twymdsn88103 жыл бұрын
What is a 403 ROTH? Is that a better plan than a 401 Roth?
Great video, like always, I wish I had this knowledge year's ago I would have done things different, starting to educate and invest differently now.
@W1732-g9j3 жыл бұрын
Thanks for your comment, there's a strategy on how to invest & profit more in Bitcoin right now, I'll advice you contact my support team on Whats-App for assistance, if you want to make great profits.
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@yaman2233 жыл бұрын
Man AMC is looking really juicy right now! 😁🚀🌕
@andreibucur973 жыл бұрын
Good episode !
@MartinMartinez-uq4gx3 жыл бұрын
I think Andy is in all the Asset classes he just happens to be a pro in paper, which could work to his advantage. Thoroughly understanding paper assets could be very empowering, because its what most of the US is in and it would offer really good insight... But Andy is a real assets investor bc he owns real estate, businesses and commodities as well I believe...
The 401(k) allows you to effectively increase your income due to employer matching IF you need to work for that employer anyway. The problem is when it becomes the bit in your mouth keeping you on the corporate treadmill. Just focus on your career and be disciplined to jump when you need to.
@hammerli20113 жыл бұрын
Hi everyone, In Portugal a 401k is call PPR ( Plano Poupança Reforma ). Thanks for your free education.
@W1732-g9j3 жыл бұрын
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@W1732-g9j3 жыл бұрын
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@droptozro3 жыл бұрын
29:30 - Andy, read a book and a quick search for Dave Ramsey's study on Millionaires from 2019 showed the good majority of the 10,000+ millionaires made their money using the 401k. And if I remember correctly over 30% of those millionaires had household incomes less than $100k their entire working careers. So, Andy---facts matter. You do have to save enough clearly and do the math. Simple financial calculators and yes, financial education that can be learned in an afternoon can make one a millionaire if they'll invest in an index fund that covers the market like the S&P500 and leave it alone(meaning, don't jump in and out)--they'll be millionaires. But you do have it right that this will be the most highly taxed---that's why there's Roth Conversion ladders and other ways to avoid this. Some people don't need millions---because they recognize putting all your stock on finances for living is another type of stupid risk putting all your eggs in one basket. A dollar spent is an truly an inadequacy in US and our skills/knowledge to provide for ourselves. Really if there's no property taxes---there's no real need to earn a monetary income once all debts are paid. One can learn how to grow food, get a well(or a spring) and store the food in a safe manner. Then barter for things and avoid all taxes by using real skills. That's the best way we return to more of a decentralized economy.
@raleigh2783 жыл бұрын
Loved it.
@Dunnwealthadvisor3 жыл бұрын
401ks are a piece of the puzzle, the 401k was originally meant to supplement pensions, Ira's were designed to supplement both....social security was supposed to supplement all of the above...here's the problem pensions are dead, 401ks are failing and social security is bankrupt
@theestallion8183 жыл бұрын
Is a very clear message to me i have to invest in myself and be my own boss and invest other way around simply will not work!
@TCGcart3 жыл бұрын
i have a job and a side business, how can i pay less taxes with my shopify business and my job? i use turbo tax.
@therichdadchannel97953 жыл бұрын
Appreciate your review, do you experience difficulty in trading? Inbox Kathleen Anne Grace
@therichdadchannel97953 жыл бұрын
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@penrodautorepair31703 жыл бұрын
We’re can we get the full IRS tax code book. I’d love to learn knew stuff about tax hacks
@tinachxx1103 жыл бұрын
A little less interruptions would be nice. I still don’t understand what the pros or cons of 401k are. Only bit and pieces because too many interruptions. What are the pros of 401k if the employer matches the contributions. That’s like free money. So what happens when the employee retires? I need the specifics the math.
@ebrahimalfakih81923 жыл бұрын
I am very exciting to know that 👍
@LayZeeDawg3 жыл бұрын
Great info touched on by Tom although most of the uneducated won't pick it up. A small home based business allows tons of write offs on your home. It need not be a huge business, it could be a small eBay store, as long as the intent is to operate as a biz.
@therichdadchannel97953 жыл бұрын
Appreciate your review, do you experience difficulty in trading? Inbox Kathleen Anne Grace
@therichdadchannel97953 жыл бұрын
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@JJ-jn7ei3 жыл бұрын
The plan to be poor...so true! What we haven’t discussed is if you are that “poor” when you retire technically you would be on some sort of govt assistance. Well you probably can’t get the assistance because your income is too high due to having the 401k. This is just back of the napkin math+ a little speculation/critical thinking 😎